RealEstate Boom in Guntur
Guntur, now in the race for capital region, is set for development on a fast track mode. Home to an enterprising group of tobacco traders and industrialists, the city is developing into a bustling business centre. One of the main reasons for the development of the city over the last five years is the real estate boom. While the city is reputed for quality of construction for years, development of apartment culture has fuelled the construction activity. “We have been the leading builders in the State till 2000, with only Visakhapatnam competing with us. Builders here have always followed the best practices in construction, never comprised on the quality of the construction and maintained high standard throughout,’’ Confederation of Real Estate Developers Association, Guntur unit, secretary A. Siva Reddy said. Apartments were built in the commercial areas of Arundelpet and the semi residential areas in Brodipet in the mid-80s. By mid-90s, they began to spring up ever...